Echostar Corp SEC Filings

EchoStar Corp. (SATS) – Form 4 insider activity: On 07/09/2025, Chief Legal Officer Dean A. Manson exercised 25,000 employee stock options at an exercise price of $14.04 (Code M), immediately acquiring the same number of Class A common shares. He then sold the 25,000 shares on the same day at $33.00 per share (Code S). After the transactions, Manson’s direct holding decreased to 2,322 shares, while he retains 1,106 shares indirectly through a 401(k) and 107,331 unexercised options priced at $14.04 that expire 04/01/2034. The options originally vested 40% at grant, with the remaining 60% vesting 30% each on 04/01/2025 and 04/01/2026. The trades were executed under a Rule 10b5-1 trading plan.

EchoStar Corporation (SATS) – Insider Form 3 Filing

On 07/08/2025 the Ergen Two-Year June 2025 SATS Grantor Retained Annuity Trust (GRAT) submitted its initial Form 3, designating the trust as a 10% beneficial owner of EchoStar. The filing records ownership of 16,800,000 Class B common shares, each convertible 1-for-1 into Class A shares at no cost. The trust was created by Chairman Charles W. Ergen on 06/26/2025 and is administered by trustee Cantey M. Ergen.

The disclosure represents an internal transfer to an estate-planning vehicle; it does not involve open-market transactions, new share issuance, or a change in EchoStar’s outstanding share count. Voting and economic control remain within the Ergen family, so no near-term dilution or operational impact is indicated.

EchoStar Corporation (SATS) filed a Form 4 indicating a new equity grant to President, Technology & Chief Operating Officer John Swieringa. On 06/26/2025 Swieringa received 250,000 Restricted Stock Units (RSUs), each convertible into one share of Class A common stock. The RSUs were issued at no cost to the executive and will vest 20 % annually beginning 10/01/2025, fully vesting after five years.

The filing shows no open-market purchases or sales; it is solely an equity award that increases Swieringa’s derivative holdings to 250,000 RSUs. Ownership is reported as direct, and no other indirect positions are disclosed. There is no accompanying cash compensation data or performance criteria detailed in the form.

Investor takeaways:

• The size of the award signals EchoStar’s intent to retain and incentivize a key C-suite executive following the company’s strategic initiatives.
• Because RSUs settle in shares, future share issuance will have a dilutive effect, albeit limited relative to EchoStar’s total shares outstanding.
• No insider selling is reported, removing immediate concerns about negative insider sentiment.

EchoStar Corporation (NASDAQ: SATS) – Schedule 13D/A (Amendment No. 60) filed 30 June 2025 updates the cumulative ownership of Chairman Charles W. Ergen, his spouse Cantey M. Ergen, affiliated GRATs and Telluray Holdings following several estate-planning transfers on 26 June 2025.

• Charles W. Ergen now reports beneficial ownership of 143,388,224 shares (Class A & B combined), representing 50.6 % of the outstanding Class A on an as-converted basis and approximately 86.8 % voting power due to 10-vote Class B shares.
• Cantey M. Ergen reports 141,901,008 shares (50.3 % of Class A; 86.8 % voting power).
• A newly formed Ergen Two-Year June 2025 SATS GRAT received 16.8 million Class B shares from Mr. Ergen; it is scheduled to expire 26 June 2027 with Mrs. Ergen as sole trustee.
• The Ergen Two-Year June 2023 DISH GRAT expired, distributing 11.34 million Class B shares to Mr. Ergen and 3.76 million shares to a family trust.
• Other existing GRATs (Dec-23, May-24, Jul-24, May-25) and Telluray Holdings continue to hold sizable Class B positions, with Telluray alone controlling 37.5 million shares (19.6 % of Class A equivalent; 24.1 % voting power).
• Under the Amended & Restated Support Agreement (2 Oct 2023) the Reporting Persons have agreed for three years post-merger with DISH not to vote their Class A shares on matters where Class B is disenfranchised, marginally reducing effective voting power to ~85.9 % (Mr.) and ~85.8 % (Mrs.).

No open-market purchases or sales with third parties are disclosed; all movements are internal, estate-planning driven and cash-less. Public float and minority voting influence remain largely unchanged, preserving the Ergen family’s tight control.